GbpJpy has consolidated in the past month or so. The consolidation range is very tight for this pair of approx 150 pips. We expect a break of resistance and a continuation of the uptrend. Strategy: Buy at market SL under 138.60 TP @ 143.80
In the name of Allah, the Most Gracious, the Most Merciful. GBPJPY POSSIBILITY OF NEXT MOVE. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
In the name of Allah, the Most Gracious, the Most Merciful. GBPJPY POSSIBILITY OF NEXT MOVE Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
GBPJPY: WK - BEARISH TP - 122.5 - 1500+ Pips #Forex @TradingView Point A: 148.4 Point B: 126.98 Point C: Entry - 140.0 Point D: TP - 122.5 SL - N/A
In the name of Allah, the Most Gracious, the Most Merciful GBPJPY Possibility of next Move. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
Price has reached the top of that monthly TL that lines up with the monthly PRZ and if we zoom in we can see how price has rejected that area leaving multipel daily wicks below that 141.50 area so right now in order to go short i must see a break and close below the 4h 61% level (ill post the 4h chart in the comments) very simple but could give us a 800 pip trade...
GBPJPY is approaching its resistance at 140.500 where it is could reverse down to its support at 139.089. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission...
Market to short following channel/pattern formation. This is a breakdown pattern so market will likely breakout downwards out of channel from the move down so one to watch closely. Chart is just an idea for educational purposes, trade at you own risk.
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Still holding my GJ Long. I have just reversed my trade after shorting GJ for +400 pips.
GBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingView Point A: 148.5 Point B: 127 Entry - 132.6 RETRACEMENT Point D: TP - 140.7 SL - NONE
GBPJPY bounced off 133.337 where it could potentially rise further to 134.537. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingView Point A: 148.5 Point B: 127 Entry - 132.6 RETRACEMENT Point D: TP - 140.7 SL - NONE